S&P 500 Declines as Higher Oil Prices, AI Capex Spending, and Risk of Rate Hikes Scare Wall Street Bulls

The S&P 500 (Index: SPX ) fell a little under 0.7% during the trading week ending on Friday, 24 July 2026. The index ended the week at 7,408.70 , which is 201.08 points (or 2.6%) below its all time record high of 7,609.78 from 2 June 2026. The past week didn't see a single catalyst to weigh on stock prices, but rather three of them. Oil prices briefly shot up over $100 per barrel with the Iran…